4, FOLGATE CLOSE, COSTESSEY, NORWICH, NR8 5DN - £615,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 FOLGATE CLOSE is a very large extended detached house of 222m², built sometime between 1976 and 1982. It was last sold for £615,000 in July 2023, which was around 49% above the average July 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

4 FOLGATE CLOSE Sold Prices

Land registry data shows four sales for 4 FOLGATE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. two of the four 4 FOLGATE CLOSE sales were for above the average price, and four were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 18 JUL	£615,000	£413,837	49% above HPI
2019 5 AUG	£500,000	£331,281	51% above HPI
2017 31 JAN	£257,500	£318,189	19% below HPI
2013 17 MAY	£237,500	£238,743	1% below HPI

4 FOLGATE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The four 4 FOLGATE CLOSE sales between May 2013 and July 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2019 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the July 2023 sale, where it falls to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 4 FOLGATE CLOSE?

4 FOLGATE CLOSE is 222m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where 4 FOLGATE CLOSE lies on this distribution: 94% of detached houses are smaller than 4 FOLGATE CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Costessey.

4 FOLGATE CLOSE: Plot and Title Map

4 FOLGATE CLOSE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 4 FOLGATE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 4 FOLGATE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 4 FOLGATE CLOSE?

4 FOLGATE CLOSE is located in COSTESSEY, in the NR8 postcode district. The below map shows the position of No. 4 on FOLGATE CLOSE.